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題名 The Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Path
作者 Joe Chen;Joseph E. Harrington Jr.
貢獻者 財政系
日期 2007.03
上傳時間 4-Nov-2014 18:10:27 (UTC+8)
摘要 Previous research exploring the effect of corporate leniency programs has modeled the oligopoly stage game as a Prisoners` Dilemma. Using numerical analysis, we consider the Bertrand price game and allow the probability of detection and penalties to be sensitive to firms` prices. Consistent with earlier results, a maximal leniency program necessarily makes collusion more difficult. However, we also find that partial leniency programs—such as in the U.S.—can make collusion easier compared to offering no leniency. We also show that even if cartel formation is not deterred, a leniency program can reduce the prices charged by firms.
關聯 The Political Economy of Antitrust, CEA 282, 59-80, Elsevier Science
資料類型 book/chapter
DOI http://dx.doi.org/10.1016/S0573-8555(06)82003-1
dc.contributor 財政系en_US
dc.creator (作者) Joe Chen;Joseph E. Harrington Jr.en_US
dc.date (日期) 2007.03en_US
dc.date.accessioned 4-Nov-2014 18:10:27 (UTC+8)-
dc.date.available 4-Nov-2014 18:10:27 (UTC+8)-
dc.date.issued (上傳時間) 4-Nov-2014 18:10:27 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/71118-
dc.description.abstract (摘要) Previous research exploring the effect of corporate leniency programs has modeled the oligopoly stage game as a Prisoners` Dilemma. Using numerical analysis, we consider the Bertrand price game and allow the probability of detection and penalties to be sensitive to firms` prices. Consistent with earlier results, a maximal leniency program necessarily makes collusion more difficult. However, we also find that partial leniency programs—such as in the U.S.—can make collusion easier compared to offering no leniency. We also show that even if cartel formation is not deterred, a leniency program can reduce the prices charged by firms.en_US
dc.format.extent 574364 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) The Political Economy of Antitrust, CEA 282, 59-80, Elsevier Scienceen_US
dc.title (題名) The Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Pathen_US
dc.type (資料類型) book/chapteren
dc.identifier.doi (DOI) 10.1016/S0573-8555(06)82003-1en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/S0573-8555(06)82003-1 en_US